KKR Income Opportunities Fund (NYSE:KIO) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of KKR Income Opportunities Fund (NYSE:KIO) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.44 and traded as low as $12.28. KKR Income Opportunities Fund shares last traded at $12.33, with a volume of 164,223 shares.

KKR Income Opportunities Fund Trading Down 0.0 %

The company has a 50 day simple moving average of $12.59 and a 200 day simple moving average of $13.44.

KKR Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.1215 per share. This represents a $1.46 annualized dividend and a dividend yield of 11.83%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KIO. Naviter Wealth LLC acquired a new position in shares of KKR Income Opportunities Fund during the 4th quarter valued at about $139,000. Plotkin Financial Advisors LLC purchased a new position in shares of KKR Income Opportunities Fund during the third quarter worth about $191,000. Rik Saylor Financial Inc. acquired a new position in shares of KKR Income Opportunities Fund in the 4th quarter valued at $202,000. Apollon Wealth Management LLC acquired a new position in KKR Income Opportunities Fund in the 4th quarter valued at about $215,000. Finally, Verity Asset Management Inc. lifted its stake in shares of KKR Income Opportunities Fund by 16.6% in the 4th quarter. Verity Asset Management Inc. now owns 17,522 shares of the investment management company’s stock worth $234,000 after acquiring an additional 2,492 shares during the period.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.